Pennsylvania Officials Offer Tips on Home Holiday Safety


The holiday season is a festive time, which often means homes are decorated and family and friends visit. Pennsylvania Gov. Tom Wolf’s administration is offering some tips on how to keep this season happy by avoiding potentially dangerous and costly …
Source: Insurance Journal

Ratings of Pennsylvania-Based ARI Mutual Downgraded


A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to “bb” from “bbb-” of ARI Mutual Insurance Company based in Newtown, Pennsylvania. A.M. Best also has maintained the under review …
Source: Insurance Journal

Chipotle probed in new outbreak of different E. coli strain


Five people in Kansas, North Dakota and Oklahoma have fallen ill from an E. coli strain with a rare DNA fingerprint, the U.S. Centers for Disease Control and Prevention said Monday.
Source: Property Casualty 360

Sales of existing U.S. homes slump on delayed contract closings


A change in industry roles has lengthened the amount of time it takes buyers to close on a purchase.
Source: Property Casualty 360

Interactive broker sessions enhance placement process in Singapore


Lloyd’s Asia Pacific regional hub is trialling Open Trading Sessions in Singapore, allowing brokers to interact directly on site with Lloyd’s underwriters
Source: Lloyds

Smooth sailing in Inland Marine


Increased competition has pressured rates, but the right expertise pays dividends.
Source: Property Casualty 360

Crime-free program can turn around housing communities with insurance woes


When violence in an apartment community rise, the property is perceived as a place where criminals live and its value, income and insurability are all impacted.
Source: Property Casualty 360

Europe’s Banks Increased Infrastructure Investments Erodes Insurers’ Returns


The return of banks into the European infrastructure market is denting insurers’ ability to enhance their investment returns by funding the roads, bridges and wind farms of tomorrow. European politicians have encouraged insurers to channel more of their €10 trillion …
Source: Insurance Journal

S&P Revises Outlook on Global Multiline Insurer XLIT to Positive; Affirms Ratings


Standard & Poor’s Ratings Services has revised its outlook on the global multiline insurer XLIT Ltd. and its operating companies (collectively XL) to positive from stable. S&P has also affirmed its ‘A-‘ issuer credit and senior debt ratings on XLIT …
Source: Insurance Journal

Ratings of Cincinnati Specialty Underwriters Insurance Co. Upgraded


A.M. Best has upgraded the financial strength rating (FSR) to A+ (Superior) from A (Excellent) and the issuer credit rating (ICR) to “aa-” from “a” of The Cincinnati Specialty Underwriters Insurance Company (CSU). The outlook for the ICR is revised to stable from positive …
Source: Insurance Journal

Wisconsin Fire Outlook Towers Being Taken Out of Commission


Dozens of towers built mainly in the 1930s and 1940s for spotting forest fires in Wisconsin are being taken out of commission. The cost to maintain, repair or replace the 72 towers currently used throughout the state no longer makes …
Source: Insurance Journal